Pepperell, MA

After sitting vacant for many years and in very poor condition, the old paper mill, sited on approximately 12 acres in downtown Pepperell, MA, has been torn down. Quite a few proposals have been set forth over the years to develop the site but today's economy has made it a difficult proposition. In hopes of making the site more desirable to investors, the extensive mill site has been reduced to a pile of rubble.

Overlooking the Nashua river and just below a dam on the other side of Main street, the first paper mill was established around 1834 and the Pepperell Paper Company was the final successor to a series of companies that have operated the mills until it closed in 2002.

In the past, plans have been set forth to create a village with a mixed used of commercial and residential buildings. Town officials are commited to economic re-development of the site.

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About the Author:

Catherine is a licensed real estate broker in Massachusetts and New Hampshire and has worked as a REALTOR for approximately 23 years. If you, or anyone you know, are thinking of buying or selling a property, Integrity Residential Brokerage located in Pepperell, MA, would love to hear from you! We strive to offer you the highest level of professional assistance possible making your desires and goals a reality.

CLICK HERE to subscribe to my blog for more real estate information.

FHA "Bridal Registry" Downpayment Program

Recently, I read a blog by Rebekah Radice, titled "Newlyweds say "I DO" to FHA Bridal Registry Gift Funds". I hadn't heard of this FHA Program before, so I did a little research and found out the following:

The FHA Bridal Registry program was originally introduced in 1996 but it still remains a little known fact when it comes to down payment assistance.

HERE IS HOW IT WORKS

• Register with a bank and open an interest bearing savings account prior to the wedding
• Then, your family and friends can make gift payments into the account on your behalf
• All of the gift funds can go towards the FHA required 3.5% down payment
• Anyone with an interest in the purchase cannot be party to the gift funds (i.e. seller, mortgage consultant, realtor, etc.)
• There is no requirement that you be married prior to closing on your new home

Rebekah Radice further explains, "Another huge advantage is that there are no gift letters or other documentation required other than proof of your savings account named "bridal registry account." It's that simple!"

So, potential home-buyers, if you're engaged to be married, I encourage you to check out this great, creative way to start saving a down payment on a home by opening a "Bridal Registry Account".

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SEARCH 1000'S OF PROPERTIES FOR SALE IN MA & NH

About the Author:

If you, or anyone you know, is considering buying or selling a property, Integrity Residential Brokerage located in Pepperell, MA, would love to hear from you! We strive to offer you the highest level of professional assistance possible making your desires and goals a reality.

CLICK HERE to subscribe to my blog for more real estate information.

Information deemed reliable but not guaranteed. Please note that individual listings periodically mentioned in this blog are accurately described in terms of availability and price at the time of the posting. Because properties are constantly coming on and off the market, please contact Catherine for the latest information on those that are of particular interest to you.

Pepperell, MA Farmers' Market - 2011

One of the things that I like about Pepperell, MA is their rich history as an agricultural community. In 2007, the Pepperell Agricultural Board along with the Prescott Grange started the Pepperell Farmers' Market as a place for local farms to sell their wares.  A large variety of fresh picked produce can be found including heirloom tomatoes, sweet corn, greens and lettuces, fresh herbs, blueberries and apples.  You can also find grass fed beef, local eggs, honey, local cheeses, fresh baked bagels, fresh baked breads and scones.  Several local artisans also attend the Pepperell Farmers' Market on a regular basis as well as live musicians playing toe-tapping music. 

Market days will be held each Saturday Morning, 9:00 to 1:00 on the town field.  According to the Farmers' Market Website, there will be one market date in June this year, then a break for the 4th of July, after which the Market will run every Saturday into October.  To verify market dates and for more detailed information check out the Pepperell Farmers' Market website.

Perhaps you'd like to participate in the Pepperell Farmers' Market.  If so, CLICK HERE for information and a vendor application.

Pepperell, MA is situated approximately 35 miles northwest of Boston and adjacent to the New Hampshire border.  It is known for its history as a farming community, with rolling hills and lovely woodlands. If you're looking for a large variety of fresh picked produce or local artisan wares, please stop by the Pepperell Farmers' Market! You won't be disappointed.

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SEARCH 1000'S OF PROPERTIES FOR SALE IN MA & NH

About the Author:

If you, or anyone you know, is considering buying or selling a property, Integrity Residential Brokerage located in Pepperell, MA, would love to hear from you!  We strive to offer you the highest level of professional assistance possible making your desires and goals a reality.

CLICK HERE to subscribe to my blog for more real estate information. 

Information deemed reliable but not guaranteed. Please note that individual listings periodically mentioned in this blog are accurately described in terms of availability and price at the time of the posting. Because properties are constantly coming on and off the market, please contact Catherine for the latest information on those that are of particular interest to you.

Home inspectors working in Pepperell MA are required to perform a home inspection to the Massachusetts Home Inspector Standards of Practice. A copy of the standard will be provided to the client by the home inspector.

The MA Home Inspector Standards of Practice is written for the professional home inspector. United Inspection Service has created some easy to read Consumer Information Sheets illustrating what is included and excluded in a Standard MA home inspection. Clear client communications (3c) are one of our core values. See the easy to read one page consumer information sheets for each of the systems in a MA Home Inspection.

Visit the Pepperell MA Home Inspection web page from United Inspection Service for some useful information about homes in Pepperell MA and our Massachusetts Home Inspection.

• Massachusetts Home Inspector Standards of Practice
• Home Inspection Photographs
• Recommended Questions to Ask the Seller/Seller's Representative
• Flood Zones
• Lead Paint
• Hazardous Waste Release
• Check the Pepperell MA Home Inspector web page for consumer information links ...
  

Foreclosure vs. Short Sale and What it Means to You

Facing the prospect of foreclosure or short sale on your home is not easy. So many people are struggling with day-to-day expenses, job loss, health issues and, while it's difficult, you may have to consider how to decrease your debt. If you determine that you must sell your home, or risk foreclosure, Integrity Residential Brokerage, licensed in both Massachusetts and New Hampshire is here to help.

Here is a brief explanation of each process:

Foreclosure - In most cases, a lender obtains a security interest from the borrower who pledges the real estate to secure the loan. When the borrower fails to comply with the terms of the mortgage, the lender has the right to foreclose. Foreclosure is the legal process by which a lender obtains a court ordered selling, or repossessing, of real estate. Furthermore, if the promissory note was made with a recourse clause, if the sale does not bring enough to pay the existing balance of principal and fees, the lender can file a claim for a deficiency judgment.

• Typically, a borrower whose home goes into foreclosure will not qualify for an FHA home loan for 5 years.
• On any future mortgage application, you must answer "yes" to the question "Have you had a property foreclosed upon or given title or deed in lieu thereof in the last 7 years?"
• Some borrowers credit will be impacted more than others for the same payment problem. Your credit score is likely to decrease anywhere between 100-300 points.
• Employers often run credit checks on potential employees
• Depending on the loan type, banks can go after more money from the homeowner if the sale price doesn't cover the mortgage amount due which is known as a ‘deficiency judgment'.
• A Foreclosure can show up on your credit history for 7-10 years.

Short Sale - is a sale of real estate in which the proceeds fall short of the balance owed on the loan. When the borrower can't pay the mortgage loan on their property, the lender may decide that selling the property at a loss is better than proceeding with a foreclosure. This agreement doesn't necessarily release the borrower from the obligation to pay the remaining balance of the loan, which is known as a deficiency, but many times it is possible to negotiate no promissory note or deficiency judgment.

• Typically, after 2 years, a homeowner whose home is sold in a short sale will qualify for an FHA loan.
• There is no question on a mortgage application regarding whether you've ever done a short sale.
• Late payments will show up on your credit report but short sales are usually not reported to the credit bureau.
• Ask your lender whether they will report the short sale as "paid less on a settled account" vs. "settled/paid in full" as this could affect your credit score.
• Usually, it will take approximately 18 months of consistent, on-time credit payments to restore your credit score.

In conclusion, a Short Sale is far less damaging than a foreclosure. The lender will often allow a short sale if they feel the financial loss is lower than that of a foreclosure proceeding. As a borrower, you can avoid having a foreclosure on your credit report and the short sale process is typically faster and less expensive.

If you think you may need to sell your home "short", the time to start the process is NOW! Short sales take months to process through your lender. So, if you want to lessen the risk of foreclosure, begin by picking up the phone and calling us today at (978)433-0000.

Integrity Residential Brokerage located in Pepperell, MA is here to assist you with your real estate needs. So far, we've had a 100% success rate with gaining lender approval on our short sale listings. If you are experiencing financial distress and need to sell your home, please call right away!

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Information deemed reliable but not guaranteed. Please note that individual listings periodically mentioned in this blog are accurately described in terms of availability and price at the time of the posting. Because properties are constantly coming on and off the market, please contact Catherine for the latest information on those that are of particular interest to you.